EUR/USD
1.17908
0.029%
Gold
3311.51
0.259%
Oil
64.305
-0.160%
USD/JPY
143.718
-0.228%
GBP/USD
1.37356
0.036%
GBP/JPY
197.411
-0.143%
Real-time News
Japans manufacturing PMI for June was 50.1, up from 50.4 in the previous month.Ray Dalio, founder of Bridgewater Associates: The government needs to increase taxes and cut spending to solve deficit and debt problems.July 1, gold rose slightly in early Asian trading, supported by expectations of a rate cut by the Federal Reserve. Konstantinos Chrysikos, an analyst at Kudotrade, said: "Gold may be supported against the backdrop of low yields and dovish expectations. The market expects the United States to implement three rate cuts in the second half of this year, which may provide support for non-interest-bearing assets such as gold." Chrysikos added that concerns about the independence of the Federal Reserve may also drive investors to precious metals.July 1st news, silicon carbide semiconductor giant Wolfspeed announced on June 30th local time that it has taken the next step to implement the restructuring support agreement previously reached with major creditors. The company has voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code and expects to complete the reorganization by the end of the third quarter of this year. Wolfspeed said that after completing the above process, the company expects its overall debt to be reduced by about 70%, equivalent to a reduction of about US$4.6 billion. "By taking this step, the company is expected to better execute its long-term growth strategy and accelerate profitability." Wolfspeed will continue to operate as usual throughout the process, including delivering silicon carbide materials and devices to customers and paying suppliers in the normal manner.The Bank of Japans short-term survey: Japans large manufacturers confidence index reached its highest level since December 2024, while Japans large non-manufacturing company confidence index hit its lowest level since December 2024.
